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[untitled]

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00:30:00

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San Francisco, CA, USA

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Comcast Cable

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Channel 89 (615 MHz)

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mpeg2video

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ac3

PIXEL WIDTH
528

PIXEL HEIGHT
480

TOPIC FREQUENCY

San Francisco 27, Us 9, Moscone 4, United States 2, Lee 2, The City 2, U.s. 2, Mary 1, Marn 1, Folsom 1, Carl 1, Oracle 1, Expansion Team 1, Peter Albert 1, Old City 1, Rick 1, Jerry Eyer 1, Joe Dallesandro 1, Jane Kim 1, Rick Welts 1,
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  SFGTV    [untitled]  

    September 26, 2012
    10:30 - 11:00am PDT  

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amount of capital is much more concentrated in a number of key vc firms and being doled out in smaller pieces. in late '90-2000, it spread through the vc community that wait a minute, everybody is going to run out of space. and the signal got sent to all of these boards that have you go to control real estate to be able to grow and we saw tenants taking three, four, five and in some cases eight or nine times their current foot print it in their new leasing requirements. i knew we were in trouble in 2000 when one of the tenants turned to me when we said why do you need all of this space? and they said that it was part of their business plan that they were going to lease more space than they needed, but because the market was increasing so quickly, they were going to make money on
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subleasing the space i had leased to them to others. we don't see anything like that going on today. the space that is being taken is much more logical. the m&a activity going on in technology keeps the growth in check. we continue to stair-step along. it's not the sort of constant runup we saw in the earlier cycle and for those of you who focus on san francisco, san francisco is participating in this recovery in a way that it never did before in terms of the number of people living here and the kind of jobs that are being created here. we spent a lot of time talking about the risks of what could happen. what could happen in europe? what is the slowdown in china mean? is is there a double-dip recession? and e to think about, but i would
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postulate to you what should happen after the election, regardless of who should win, the broader u.s. economy does move forward? if we can get the u.s. economy out of second gear, we have seen the broader housing market turn and we're beginning to see the foundations of some job-growth. if the economy can pick up more broadly, what that would mean for san francisco, given the foundation that we have set for us today? clearly looking forward we think the physical boundaries of what is downtown will change. the type of space the tenants want will change. we think that this is a very good time for san francisco. we live in an exceptional time. and i'm going to paraphrase ever so slightly, but as jerry eyer would say, don't screw
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it up. [ laughter ] i fel very fortunate to work in this environment, to work for a great company and most importantly to get to work with all of you everyday. thank you very much. [ applause ] >> thank you, carl. now we're going to move from the talk about the tech explosion to one of our most significant economic generators, which is the hospitality industry and i think we're going to have some breaking news this morning, if i can call it that. and see some of the first visuals of the moscone center expansion. at least i think so. so we're so fortunate -- i'm not going to waste a lot of time on the introduction, but have i to say that joe, president and ceo of sf travel association, formerly san francisco convention bureau is one of the leaders of the
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city and has done so much for the industry and for sf travel. and he is going to tell you about the plans for the moscone center expansion. he has done so much and created the san francisco tourism improvement district in 2009 and that actually is helping fund this whole structure. so i'm just going to let joe dallesandro. [ applause ] >> thank you, mary and it's exciting to unveil the moscone district and master plan. we asked san franciscans a lot of questions about tourist and
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hospitality and what makes san francisco tick? 98% of san franciscos of believe it's very important. 94% say tourism has a positive impact on the budget of san francisco's city government. 78% say tourism makes san francisco a better place to live. 80% say that san francisco has a healthy balance of tourists and resident activity and 78% believe it's important to update and modernize the moscone center. that 78% is similar to the numbers that we heard for support of the arena. why expand? interestingly moscone is probably the most successful convention center in the united states. it's not the largest. but persquare foot, it's the most utilized. per square foot it generated the most hotel nights and most revenue of any convention center in the united states.
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so it's very significant in terms of economic impact. it's basically full-year round. a lost our groups are outgrowing it and need more space in order to stay in town and this benefits not only the tourist sector, but the business sector. it's no coincide that the apple 5 was unveiled there this week or oracle is having their meeting next week. it's the best way to generate more business. the economic impact of the center is significant. we have calculated that we have lost $2 billion in spending because the building is not big enough and people have left. people that want to meet in san francisco or come back over a regular cycle are not able to meet here because it's too small. so we have to expand and once we do, it will create
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jobs, revenue and taxes for the city. we have a whole expansion team. it's' private-public partnership. all partnering to make this thing happen. so what is our goals? is that location has changed dram itally and to work cost-effectively to stay onbudget and deliver the project. so this is the context of where we're looking at. it's right on the lines of new central subway. there will be a moscone stop. we have three separate buildings, south opened 32 years and north opened 20 years and moscone west opened a
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little over ten years ago. for the study looked at that whole area and looked at the three moscone sites and the two garages, 5th and missing the and the moscone garage between folsom and howard. one of the problems with moscone center it was built basically when the neighborhood was not what it is today. and it was built kind of in independent, isolated area to almost a suburban-type building in what has been a very urban area. we market san francisco as a pedestrian-friendly city and pedestrians are not allowed to walk around the moscone center in some areas. so we need to improve how it functions, but how it looks in the neighborhood. currently below ground, below grade there are two major exhibit halls. one the south hall with 260,000
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square feet and the other with 180,000 square feet and a piece that connects both together of the our goal is to connect those two better and open it up to 540,000 of contiguous exhibit space that. is something that our clients say very much they need to have. we looked at above ground and how to connect the two buildings better and how to make it a better neighbor in the neighborhood. so our plans are to focus on the existing lower level and connect the north and south exhibition halls, to open up the unexcavated space under howard street, to move some of the meeting space that is currently there and connect those buildings. so to give us one entire space of about 540,000 square feet of contiguous exhibit space that can be broken up or can be used
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as one solid space. this is one of the demands that our customers really feel we need and we really feel in order to stay competitive with other cities such as san diego who has already over 540,000 square feet. we want to figure out to add additional space and make a t a better player in the neighborhood. so we're looking at adding three buildings above moscone north and south lobby and at the corner of 3rd and howard. we'll add up to another 100,000 square feet of meeting space on top of the existing buildings. what this will allow us to do is two things. it allows us to add the meeting space, but expand the space because we want to on top of these buildings is expand the garden experience. expand the public experience that you can do. the public will be able to use
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the space and it will be programmable space for convention use also. so really expand that whole urban park/plaza field of the yerba area. we'll narrow that down to be more urban feel and pedestrian and people active and you will see a lot more dynamics going on and make that much more active with the neighborhood. here is a view looking east on howard street. how will it connect the two buildings, north and south and bring it much more into a tight feel. totally right now we have about 540,000 square feet of existing space and we'll go up an additional 200,000 square feet. this is in phase 1. how we pay for it? i was hoping that rick was going to be up next, who is going to talk about how we'll pay for it.
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[ laughter ] we're expanding the moscone tourism district and what is significant this is a public building owned by the city and county of san francisco, but the city will contribute and help in the financing of it. i want to briefly talk about the master plan beyond this. south of market, if you look at the old city maps had not necessarily a lot of super blocks, but can you see a lot of alleys in the neighborhood. we want to connect those back into moscone and not make it such a distinct, super block and not only add more public space and park space and plaza space, but connect it through a variety of alleys. there are additional opportunities to build for exhibit space on top of the building, but to connect the
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alley ways and make it more pedestrian-friendly, to people don't have to find, "no-pedestrians allowed" signs. here is an idea of what it could look like from 3rd, across from 3rd to 4th, between howard and folsom. it opens up the streets to a much more pedestrian-friendly attitude. we'll look at development opportunities that could include additional towers, hotels and residential space on the moscone campus site. so though that is our view. it's our vision. it's a way to keep san francisco dynamic and a way to keep the tourism industry healthy and it's a way for our business community to stay here and show the world how they operate business and to make that neighborhood even more dynamic. thank you. [ applause ]
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>> thank you, joe, very exciting and very high-impact. if you haven't seen is the beautifully renovated moscone center, a lot of things have happened in the last year. so it's already miles ahead of where it was. very impressive. thank you so much. and now, a very exciting vision for a future we imagine the golden state warriors being here. an iconic new waterfront arena. so we're going to hear about that, rick welts, president and coo of the golden state warriors and he has over 36 years' of experience in the nba, one of the most respected business executives in the league. most recently he spent nine years with the phoenix suns and was president and ceo for the last two seasons, also served
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for 17 years at the nba league office in new york and rose through the ranks to become the league's third in command. we're going to -- i'm going to spend a lot more time on rick welts wonderful resume. i'm going to let him tell us about the wonderful and exciting plans for the golden state warriors here in san francisco. so please welcome rick welts of the golden state warriors. [ applause ] [ applause ] >> we all know where we're in the program right now. this is the time when you are look at your watch and figuring out how am i going to get to the restroom or how do i make that 10:00 apilot that i wish i hadn't made? here is the deal. i can't talk quite as fast as joe. [ laughter ] but this is going to be eight minutes. here are you are alternatives. i have stationed the entire warrior's season ticket staff
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at the door. [ laughter ] >> thank you to the business times, mary, thank you. thank you for the kind words from mayor lee, supervisor jane kim sitting at the port's table. thank you very much. [ applause ] and i also -- i'm not sure why, but have i to acknowledge joe, because those who know joe know he gets really pouty if you don't. [ laughter ] all right, thank you, joe. you may these two guys. joe and peter bought the golden state warriors for a record $450 million. they are the perfect pair. joe has funded the start-ups of dozens of companies that are household names for us and cut his teen in the nba as minority owner with the boston celtics
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and won the championship there. peter, hollywood icon has earned 50 academy nominations and made movies like color purple." rain marn," "batman," ohio $3 million in gate receipts for his movies. i metnese guys a year ago when they looked for a president of warriors and i never heard them use the word "good in our conversation. i only heard them use the word "great." and we have really set out to build a world-class organization. i can tell you now what has happened. i think jerry west is responsible as a great player and architect of all the los angeles lakers' championship teams and a member of our
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executive board involved in every player-personnel decision that the warriors make it. we purchased a dame last week that played in bismarck, north dakota and this december that team will began play in santa clara was the santa clara warriors in the new arena that we're constructing in santa clara. we hired mark jackson as the coach. but this is not about waiting five years for a great new arena to become a great franchise. we are heavily investing in both the team and the fan #kg:íw experience now. this summer there has been more investment about $11 million in oracle arena than there has been any other time since the major renovation in 1999. and one thing i would probably not expect you to recognize on that slide is a 7' center, which usually doesn't go along with the warriors. andru gagot, one the top
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centers in the nba will begin play for the warriors in about a month from now. part of the fan experience is in the arena, warriors fans as you know have been incredibly supportive, but also very patient. . we looked throughout the bay area and we really do believe we found the perfect place to be the home of the golden state warriors going forward, thanks to mayor lee's support and . encouragement. on may 22nd, we made an announcement. this is also a queue for the video and a good time if you have to get out, that would be now.
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we intend to build the most spectacular arena in the country that all bay areas, not just san franciscos, but all bay area residents can be proud. today sets the stage for the warriors to see another year. we promise it's going to reflect creative, diversity and technologically savvy of the bay area. one mission today, a world-class venue. a beacon for the warriors. [ music ] [ music ] we're all in.
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i hope to sigh at the ribbon-cuting in 2017 with a smile from a journey well-done. we watch that every morning to get your juices flowing. [ laughter ] san francisco deserves it. how crazy is that san francisco -- there is no city in america half the size of san francisco that does not offer world-class, multi-purpose arena and san francisco has
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never had it, with all due respect to the cal pals. [ laughter ] we are prepared to spend over $100 million to renovate that pier, those piers, which are now crumbling into the bay and whose primary purpose is to serve as a parking lot. this project is going to reclaim this part of the city as a wonderful public asset for all citizens to enjoy. that is a 13-acre site. so imagine as part of this project over four acres of new public space that will be incorporated into the design. and appropriate for transit for a city like san francisco, this location is tremendously located for all public transportation, whether coming from the bay bridge, the red line there is bart. the purple line is muni. you see caltrain, as well as the location of the future transbay terminal. we don't have the transportation plan yet.
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peter albert and the city are conducting a major study not only our project, but the transit-friendly atmosphere. our preliminarily parking study shows within a 20 minute walk of the site there are 23,000 parking spaces to put that into perspective for you on a soldout warriors game in oakland the most cars that we park is 5,000. so that is the puzzle that we will solve through this process in making sure transportation works. now before choosing this site, we commissioned some significant research to learn how people would feel about the project. you can see the results of that here. here is what we learned. when we told people what the project was, how it would be funded, and where it would be located. this was what we learned. it's very interesting.
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you can see on the san francisco side of the bay, with that description and information in hand, 80% of the people support the idea of this project. i think more surprising, perhaps, is the east bay numbers. were given the same information, just about two-thirds of people were enthusiastic in their support of the project. and maybe the thing that is most important to take away, that i haven't mentioned is this is a 100% private financed. no tax increases. no money from the general fund. [ applause ] benefits will be many. jobs obviously through the construction process, but also hundreds of permanent, well-paying new jobs. san francisco will finally have a world-class multi-purpose venue for music, artists who cannot today play in san francisco, for business and cultural event to fill a void
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in joe's portfolio of convention and other business coming to the city. family shows and for us, most importantly a new home back in san francisco, where the warriors started. certainly will contribute to economic growth, new tax revenue, and create a publicly accessible waterfront attraction that does not exist today. we passed a big milestone in naming our architectural team and we choose two firms that are going to be responsible for the design of this project. san francisco's acom, bill crocket is with us today. they are the most experienced arena architectural firm in the core and have been .yn 30 projects over the decade and bill personally involved with those and with the oslo-based snow heada, the lead architect, who is a american, they are the
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ones who have designed the moma expansion and also for us a very important consideration was most of their high-profile projects are in dense, urban areas built on the water. you one you see there is the home of the opera and the ballet in oslo. the port is represented here today has also appointed a citizens' advisory committee, a cac to advise the board of supervisors on this project. not quite sure how that slide got in there. [ laughter ] although i can understand an agitated mark jackson might resemble the earlier cac meetings. [ laughter ] there we go. katie is in that.
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this was the actual citizens' advisory committee. this committee is having an expedited series of meeting and will be active through the project to advise the board of supervisors on how to make the project work the way it needs to work for san francisco. so that is it. we soon will have site plans and early design to share that i think is going to reflect what you saw in the video, that promise of a project that is worthy of the city of san francisco, and this iconic site. so with that, i would like to thank mary felicia brown, eric young, the entire business times staff and making us part of this event. we're very, very excited to be adding another piece,' beautiful piece to the city's heritage. thank you. [ applause ]
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>> thank you, rick. that was very, very exciting and appreciate you sharing that with us. let's have a huge round of applause for all of our speakers. [ applause ] so many great things to be excited about in our future. i want to thank all of you and i will thank all of our sponsors again, shepherd mullen, dig engineers hathaway, smith group, jjr. and i hope that you all have a wonderful day. and next year, think of the exciting stories that we'll have to tell at structure san francisco. thanks again to our great speakers and go out and have a great day. thank you. [ applause ]
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